Cwm LLC Has $95,000 Holdings in Air Lease Corporation (NYSE:AL)

Cwm LLC reduced its holdings in Air Lease Corporation (NYSE:AL) by 11.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,974 shares of the transportation company’s stock after selling 245 shares during the period. Cwm LLC’s holdings in Air Lease were worth $95,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AL. Illinois Municipal Retirement Fund increased its position in shares of Air Lease by 0.5% during the first quarter. Illinois Municipal Retirement Fund now owns 56,306 shares of the transportation company’s stock worth $2,720,000 after acquiring an additional 272 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Air Lease by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 45,851 shares of the transportation company’s stock worth $2,210,000 after acquiring an additional 280 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Air Lease by 3.0% during the fourth quarter. Squarepoint Ops LLC now owns 9,564 shares of the transportation company’s stock worth $461,000 after purchasing an additional 281 shares during the last quarter. MBM Wealth Consultants LLC boosted its holdings in Air Lease by 2.1% during the first quarter. MBM Wealth Consultants LLC now owns 14,131 shares of the transportation company’s stock worth $686,000 after purchasing an additional 284 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Air Lease by 88.1% during the first quarter. Versant Capital Management Inc now owns 743 shares of the transportation company’s stock worth $36,000 after purchasing an additional 348 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Air Lease

In related news, EVP Grant A. Levy sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $56.85, for a total value of $568,500.00. Following the transaction, the executive vice president directly owned 146,316 shares in the company, valued at approximately $8,318,064.60. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.64% of the stock is currently owned by corporate insiders.

Air Lease Stock Performance

NYSE:AL opened at $56.18 on Thursday. The company has a fifty day moving average of $57.70 and a 200-day moving average of $50.83. The firm has a market capitalization of $6.28 billion, a P/E ratio of 9.82, a P/E/G ratio of 0.62 and a beta of 1.35. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.53. Air Lease Corporation has a twelve month low of $38.25 and a twelve month high of $60.41.

Air Lease (NYSE:AL) last posted its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.27. Air Lease had a net margin of 24.77% and a return on equity of 8.04%. The firm had revenue of $738.28 million during the quarter, compared to analyst estimates of $709.70 million. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, June 4th. Air Lease’s dividend payout ratio is presently 15.38%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup upgraded shares of Air Lease from a “neutral” rating to a “buy” rating and increased their price target for the company from $45.00 to $68.00 in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Air Lease from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Finally, Barclays reaffirmed an “overweight” rating and set a $67.00 price target (up from $56.00) on shares of Air Lease in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, Air Lease has an average rating of “Moderate Buy” and an average target price of $59.50.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.